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Advanced Financial Management_ Course Syllabus
Advanced Financial Management (BWFF2043)
Universiti Utara Malaysia
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SCHOOL OF ECONOMICS, FINANCE AND BANKING (SEFB)
UUM COLLEGE OF BUSINESS
UNIVERSITI UTARA MALAYSIA
No. Information on Course
Course Name: ADVANCED FINANCIAL MANAGEMENT
Course Code: BWFF
Name(s) of Academic Staff: Dr. Norzalina Binti Ahmad Dr. Abd. Halim @ Hamilton Bin Ahmad Dr. Faizah Binti Ismail Dr Md Shahin Mia Dr Badru Bazeet Olayemi Dr Noor Maimun Abdul Wahab Dr. Rusmawati Binti Ismail
Rationale for the inclusion of the course in the programme: This is one of the core courses offered for B. Fin students.
Semester/Year Offered: 3/
Total Student Learning Time (SLT)
Face to face Online Learning
SLPA TLT
TL = Traditional
Lecture T = Tutorial P = Practical SCL/O = Student Centered Learning/Others A = Assessment OL= Online Learning OA = Online Assessment SLPA= Self Learning Preparation and Assessment TLT = Total Learning Time
TL T P SCL/O A OL OA
13 9 0 7 4 13 9 64 120
Credit Value: 3
Pre-requisite (if any): BWFF2033 FINANCIAL MANAGEMENT
Objective(s) of Course: After completing this course, students should be able to: i. understand the key concepts and theories of financial management as a whole. ii. acquire knowledge and skills necessary to solve different types of problems in finance. iii. develop long-term investment or financing analysis on business and non- business organization.
Course Learning Outcomes: Upon completion of the course, students are able to
i. comprehend the concepts and theories related to financial
management. (C2)
ii. apply financial concepts, tools and techniques to solve appropriate
hypothetical and real-world problems. (C3)
iii. evaluate financial decisions in pursuit of maximizing shareholders’ wealth.
(C5)
Transferable Skills: Knowledge, problem solving & writing skills
Teaching-learning and assessment strategy: Mixed method between teacher-centered and student-centered through traditional lecture and online teaching. While assessment will generally be based on examination and project.
Synopsis: This is the follow-up course of Financial Management, where the aim is to enhance students’ understanding of the long-term investment and the long-term financing decision-making process. It reviews the concept of time value of money as a preparation so that they can apply the concept in the topics that follow, such as securities valuation, capital budgeting and cost of capital. In addition, leverage, capital structure and dividend policy will also be discussed.
Mode of Delivery: Lectures and discussions
Assessment Methods and Types: Coursework – 100% - Individual Practice 1 – 7% (CLO 1 & 2; LOC 1) - Individual Practice 2 – 7% (CLO 1 & 2; LOC 2) - Group Assignment 1 (Case Study) – 15% (CLO 1, 2 & 3; LOC 2) - Group Assignment 2 (written assignment)– 10% (CLO 1, 2 & 3; LOC 3a) - Online Exam 1– 20% (CLO 1 & 2; LOC 1) - Online Exam 2– 20% (CLO 1 & 2; LOC 1) - Online Exam 3– 20% (CLO 1 & 2; LOC 1)
Topics/Weeks Face to Face SLPA TLT
Learning Outcomes TL T P
SCL/O
OL
1 TIME VALUE OF MONEY REVIEW
- An Overview of the course 1.2 Relationship between Financial Management course and Advanced Financial Management course. 1.3 Objectives of learning Advanced Financial Management. 1.4 Value and Future Value 1.4. Single Amount 1.4. Annuities 1.4. Perpetuities 1.4. Uneven Cash Flows
1 1 1 1 3 6
2 OF VALUATION AND BOND
VALUATION
2 Valuation Concepts 2 Intrinsic Value 2 Characteristics of Bonds 2 Types of Bonds 2 Bond Valuation 2 Yield to Maturity 2 Important Factors in Bond Relationships
1, 2,3 2 1 1 2 6 12
3 STOCK VALUATION
3 Fund Raising in the Capital Market 3 Features of Preferred Stock 3 Preferred Stock Valuation 3 Preferred Stockholder’s Expected Rate of Return 3 Characteristics of Common Stock 3 Common Stock Valuation 3.7 Single Holding Period 3.7 Constant Growth Dividend Model 3.7 Supernormal Growth 3 Common Stockholder’s Expected Rate of Return
1,2,3 2 1 1 2 6 12
4 COST OF CAPITAL
4 Definition and of costs of capital concepts 4 Determining individual cost of capital 4.3 Bond 4.3 Preferred Stocks
1,2,3 2 1 1 2 6 12
4.3 Common Stocks 4 Weighted average cost of capital (WACC) 4 marginal cost of capital (WMCC) 4 Making investment decisions.
5 TECHNIQUES IN CAPITAL BUDGETING
5 Introduction to capital budgeting 5 Payback period 5 Discounted payback period 5 Net present value (NPV) 5 Profitability index (PI) 5 Internal rate of return (IRR) 5 Complications in capital Budgeting: Capital rationing and mutually exclusive projects 5.8 Time disparity 5.8 disparity 5.8 lives
1,2 2 1 1 2 6 12
6 CASH FLOWS IN CAPITAL BUDGETING
6 Relevant cash flow 6 Initial outlay 6 Annual cash flow 6 Terminal cash flow 6 Replacement and expansion of project 6 Decision making in capital budgeting
1,2,3 2 2 1 1 6 12
7 LEVERAGE AND CAPITAL STRUCTURE
7 Business and financial risk 7 Break-even analysis 7 Operating leverage 7 Financial leverage 7 Combined leverage 7 Optimal capital structure 7 EBIT- EPS analysis
1,2,3 1 2 1 2 6 12
8 DIVIDEND POLICY
8 Dividend payment versus profit retention 8 Does dividend policy affect stock prices 8 The dividend decision in practice. 8 Stock dividend and stock splits. 8 Stock repurchases
1 1 1 1 3 6
13 9 0 7 13 42 84
Advanced Financial Management_ Course Syllabus
Course: Advanced Financial Management (BWFF2043)
University: Universiti Utara Malaysia
